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steve harrigan has more from cairo. >> yeg, some dramatic developments here in cairo. egypt's president trying to expand his own powers dramatically, saying that any of his presidential decrees issued since he took office six months ago cannot be overturned by anybody, including the courts. and that those previous officials who could be implicated in murdering demonstrators during the revolution a year ago would be retried. as one morsey opponent put it, he is basically putting himself above the having no one to check his powers. we have seen street protests. those protests could grow dramatically with these new announcements by the egyptian president. it comes on the heels of a real diplomatic success in the world spotlight here. president morsey helping to negotiate a cease-fire between israel and hamas. really, making the unusual step of receiving praise from all sides from u.s. officials from hamas, even from some israeli officials for his pragmatism but certainly that imagine that tism in its own rule here could be put to the test almost immediately. with new decr
steve harrigan has more from cairo. >> yeg, some dramatic developments here in cairo. egypt's president trying to expand his own powers dramatically, saying that any of his presidential decrees issued since he took office six months ago cannot be overturned by anybody, including the courts. and that those previous officials who could be implicated in murdering demonstrators during the revolution a year ago would be retried. as one morsey opponent put it, he is basically putting himself...
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joining me by phone from cairo, nbc's correspondent jim masseda. let's talk about what sparked these protests. is it all over morsi granting himself these further powers? >> reporter: yes, alex, it is about that. he came out, by the way, a good hour ago to talk, to speechify about the presidential powers. that's about four or five miles away from what you're describing, which is at tahrir square, the famous tahrir square. morsi spoke to his supporters saying that he had to do this to break really what is a log jam in writing up a new constitution. he was saying much of the judiciary are very honorable people but there are five or six or seven bad eggs, if you will. these are remnants of the mubarak regime and they're constantly interfering with the process. meanwhile, the country is continuing to be mired in poverty, a lack of social justice and what have you. so he says to protect the revolution, to protect the principles of the revolution and to protect this country's forward movement towards democracy he needed to do this to keep the constitutio
joining me by phone from cairo, nbc's correspondent jim masseda. let's talk about what sparked these protests. is it all over morsi granting himself these further powers? >> reporter: yes, alex, it is about that. he came out, by the way, a good hour ago to talk, to speechify about the presidential powers. that's about four or five miles away from what you're describing, which is at tahrir square, the famous tahrir square. morsi spoke to his supporters saying that he had to do this to...
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there is thousands of people heading into cairo's tahrir square. some said that number is growing by the minute. these are people in opposition to the muslim brotherhood president who says that he is turning egypt into far too much of an islamic state. that's something to watch going forward. as noon prayers have ended here on this friday afternoon and protesters scheduled in egypt and also in iman, jordan. inside egypt, made a lot of news over the past couple of days. one of the top collaboration in the -- clerics, is now saying that jihad is, quote, obligatory towards muslims and being very, very tough about the israel-hamas deal that has been made in pushing what sounds like for renewed violence in egypt becoming a much stronger islamic state. that raised a lot of eyebrows considering mohammed morsi comes from the muslim brotherhood. back to you in new york. >> thank you very much for that report. >> that's scary. the president there a massive power grab. >> he's the executive and legislative branch right now. >> big surprise. >> be careful what
there is thousands of people heading into cairo's tahrir square. some said that number is growing by the minute. these are people in opposition to the muslim brotherhood president who says that he is turning egypt into far too much of an islamic state. that's something to watch going forward. as noon prayers have ended here on this friday afternoon and protesters scheduled in egypt and also in iman, jordan. inside egypt, made a lot of news over the past couple of days. one of the top...
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. >>> giving you a look at these new protests happening right now in cairo's tahrir square. supporters and opponents of egypt's new president, mohamed morsi, are staging raval rallies after he assumed new powers this week including putting himself above judicialry. president morsi is speaking at the presidential palace saying egypt needs to stay unified. >>> also, some new video to share this hour. walmart workers protesting in it landover, maryland. hundreds of employees have planned protests over low wages and benefits. >>> well, this was the scene in los angeles wednesday night. you are about to see these miles and miles upon traffic literally stuck on the 405 freeway, a very ugly start to the holiday travel season. look at all those red and white christmas colors. no, not so much. and whether you are about to head back home after traveling for the holiday or stayed at home, chances are you still have some travel slated before the year's end and if you don't there might be reason to get away. so joining me now is brian kelly founder of the pointsguide.com. brian, i'm glad
. >>> giving you a look at these new protests happening right now in cairo's tahrir square. supporters and opponents of egypt's new president, mohamed morsi, are staging raval rallies after he assumed new powers this week including putting himself above judicialry. president morsi is speaking at the presidential palace saying egypt needs to stay unified. >>> also, some new video to share this hour. walmart workers protesting in it landover, maryland. hundreds of employees have...
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. >> this >> this is a live picture of cairo. protestors there demonstrating a day after the president there ordered that he can run the country unchecked until a new constitution is drafted. you can see thousands there. we're monitoring the situation there as we speak. protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see a lot of junior traders filling orders here at the new york stock exchange. ronald mcdonald house charities celebrating kids day here. and sears holding celebrating black friday. we'll talk with sears in just a little bit's time. we are to the upside if you look at the s&p 500 heat map right now. >> it has feeling like it's been two weeks but it's only one. a week in which as we heard from matt where we had major news this week. not expecting to get any today. certainly the alleged fraud at autonomy and hp stock hitting a ten-year low and not to menti
. >> this >> this is a live picture of cairo. protestors there demonstrating a day after the president there ordered that he can run the country unchecked until a new constitution is drafted. you can see thousands there. we're monitoring the situation there as we speak. protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see...